Vertical Aerospace has celebrated “wheels up” for the first time as its electric VX4 prototype conducted its very first airborne test Vertical becomes the first British aerospace company to manufacture a new aircraft in over 20 years* The new pha...
HOUSTON--(BUSINESS WIRE)--Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced the successful outcome of its extreme fast charge (XFC) project, funded in ...
DUBLIN--(BUSINESS WIRE)--The "Global Hydrogen Energy Storage Market by State (Gas, Liquid, Solid), Technology (Compression, Liquefaction, Material Based), Application (Stationary Power, Transportation), End User (Electric Utilities, Industrial, Commerc...
Maersk Drilling has secured a contract extension with Sarawak Shell Berhad and Sabah Shell Petroleum Co Ltd (SSB/SSPC) for the 7th generation drillship Maersk Viking. SSB/SSPC have executed the remaining three one-well options of the current drillship contract and awarded an additional eight-well contract to...
Dana Incorporated has earned a 2022 Automotive News PACE Award for its for Spicer Electrified™ Complete Battery Electric e-Propulsion and e-Power System. The awards were presented last week at the Max M. and Marjorie S. Fisher Music Center in Detroit. Dana's complete e-Propulsion and e-Power systems...
ADNOC Drilling Company PJSC today announced it has signed a Sale and Purchase Agreement (“SPA”) to acquire an additional two premium offshore jack-up drilling units (the “rigs”). The acquisition, which underpins the company’s accelerated fleet expansion and enterprising growth, is the fourth confirmed by the Company...
Bell’s next generation five seater helicopter, the Bell 505, fueled with Neste MY Sustainable Aviation Fuel™ (SAF) took off at Seletar Airport in Singapore for a demonstration flight. This is the first ever helicopter flight fueled with SAF in Southeast Asia. This remarkable milestone was achieved...
WTI for November delivery rose 55 cents to $83.49 a barrel at market close in New York. Brent for November settlement gained 63 cents to settle at $90.46 a barrel.Equity markets fell globally due to interest rate hikes i major economies. The UK government has lifted a...
TOKYO--(BUSINESS WIRE)--#HollandHydrogen1--Yokogawa Electric Corporation (TOKYO: 6841) announced today that it has been selected by Shell Plc to be the main automation contractor (MAC) for the construction of its Holland Hydrogen I plant in the Dutch p...
Agreement could help unlock Japan’s significant geothermal potential TOKYO--(BUSINESS WIRE)--Chevron New Energies International Pte, Ltd. (Chevron), and Mitsui Oil Exploration Co., Ltd (MOECO) today announced the signing of a Joint Collaboration Agree...
TotalEnergies has been selected as the first international partner in the 16 Mtpa North Field South (NFS) LNG project. Pursuant to the agreement, TotalEnergies will obtain a 9.375% participating interest in the NFS project – out of a total 25% interest available for international partners...
U.S. Rig Count is up 1 from last week to 764 with oil rigs up 3 to 602, gas rigs down 2 to 160 and miscellaneous rigs unchanged at 2. Canada Rig Count is up 4 from last week to 215, with oil rigs up 2...